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ACCESS KENYA
madebe
#1 Posted : Tuesday, February 22, 2011 2:10:26 PM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
surely how low can it go? aren't people over punishing this stock?
selah
#2 Posted : Tuesday, February 22, 2011 2:16:15 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
The only reason am not selling my shares on this counter is because I think they will sell this dieing company...I dont think they can survive this industry unless they restructure it and pump in some good cash to exploit the booming property market by connecting those houses.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
VituVingiSana
#3 Posted : Tuesday, February 22, 2011 3:09:43 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
For a fair price [not sure what that is] someone might be interested in AK because it has installed a fibre network all over Nairobi.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
selah
#4 Posted : Tuesday, February 22, 2011 3:22:14 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
VituVingiSana wrote:
For a fair price [not sure what that is] someone might be interested in AK because it has installed a fibre network all over Nairobi.


Many companies hav installed the cables infact I saw soliton telmec installing cables on kangundo road.What access kenya hav is just infrastructure which in most cases goes obsolete very quickly due to technology advancement.

I had posted on another thread a story on how AK owners triend to sell the company to safaricom but the deal was seen as too expensive..it also said the somen family hav tried to exit the company but the price currently has restrcted their exit.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
madebe
#5 Posted : Tuesday, February 22, 2011 4:16:37 PM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
this might be the first company to go burst in NSE after KFC
mlennyma
#6 Posted : Tuesday, February 22, 2011 4:28:32 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Contrarian where are you?
"Don't let the fear of losing be greater than the excitement of winning."
mlennyma
#7 Posted : Tuesday, February 22, 2011 4:32:48 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
The somens are rude,they say their priority is to return ak into profitability and take their sweet time to think the way forward otherwise they said the worst is over it can only get better...hard to believe
"Don't let the fear of losing be greater than the excitement of winning."
Allias608
#8 Posted : Tuesday, February 22, 2011 4:34:56 PM
Rank: New-farer

Joined: 2/16/2011
Posts: 15
Location: Nairobi
May be Transcentury want 100% ownershipShhh , drive the rate rock bottom, the Somens give up, viable buy out....not a bad investment afterall
Cde Monomotapa
#9 Posted : Tuesday, February 22, 2011 5:18:15 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
!!CAVEAT EMPTOR!!
2012
#10 Posted : Tuesday, February 22, 2011 5:43:24 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
selah wrote:
The only reason am not selling my shares on this counter is because I think they will sell this dieing company...


Watch out, you might be left holding useless paper. Still wondering why anyone would want to acquire Access Kenya. How did they do the depreciation for their satellite equipments?

BBI will solve it
:)
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